News 
April 23, 2025 
3 min. 
Pi Network Founders Nicolas Kokkalis and Chengdiao Fan may have quietly become crypto billionaires. Meanwhile, Pi Network’s price continues to underperform the broader market. The token has plunged nearly 80% from its February high, missing out on the recent market rally. Bitcoin soared past $93,000, pushing the overall crypto market cap close to $3 trillion.
Pi Network’s market cap dropped from $19 billion to $4.62 billion. Its fully diluted valuation also fell sharply, from over $300 billion to $66 billion.
A recent report shows that Pi Network has a maximum supply of 100 billion tokens. Of those, 65 billion have already been distributed to the community, often referred to as “pioneers.”
Inside the $13.2 Billion Token Fortune Held by Pi Network’s Core Team
The Pi Network core team holds 20 billion tokens, currently worth around $13.2 billion based on the network’s valuation. These tokens are controlled by the project’s founders, Kokkalis and Fan. If they split the allocation equally, each founder holds roughly $6.6 billion worth of Pi tokens.
While SocialChain, the parent company of Pi Network, hasn’t disclosed staffing details, Pitchbook estimates it employs about 40 people. If only Kokkalis and Fan benefit from the core allocation, each retains well over $1 billion in tokens.
Additionally, the Pi Network Foundation controls 10 billion tokens, currently valued at more than $6.6 billion. Though the foundation’s internal structure remains unclear, it’s common for founders to manage such reserves. This may further increase their personal net worth.
It’s also likely that Kokkalis and Fan hold some of the 65 billion tokens shared with community users and early adopters.
However, most of their holdings remain locked. According to PiScan, the network will unlock tokens gradually until May 2028. On average, 131.2 million tokens unlock each month, currently worth around $87 million.
